JPMorgan Chase & Co. Buys 12,383 Shares of Quipt Home Medical Corp. (NASDAQ:QIPT)

JPMorgan Chase & Co. boosted its position in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 68.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,403 shares of the company’s stock after purchasing an additional 12,383 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Quipt Home Medical worth $89,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Quipt Home Medical by 10.4% during the second quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock valued at $165,000 after purchasing an additional 4,969 shares during the period. State Street Corp boosted its holdings in shares of Quipt Home Medical by 1.0% in the third quarter. State Street Corp now owns 621,388 shares of the company’s stock valued at $1,814,000 after buying an additional 6,317 shares during the period. Jane Street Group LLC boosted its holdings in shares of Quipt Home Medical by 28.5% in the third quarter. Jane Street Group LLC now owns 41,926 shares of the company’s stock valued at $122,000 after buying an additional 9,290 shares during the period. ProShare Advisors LLC acquired a new position in shares of Quipt Home Medical in the second quarter valued at approximately $35,000. Finally, SG Americas Securities LLC acquired a new position in shares of Quipt Home Medical in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 42.85% of the company’s stock.

Quipt Home Medical Stock Up 1.9 %

Quipt Home Medical stock opened at $3.23 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $139.18 million, a PE ratio of -21.53 and a beta of 0.56. Quipt Home Medical Corp. has a twelve month low of $2.30 and a twelve month high of $4.99. The company has a 50 day moving average of $2.82 and a 200-day moving average of $2.89.

Quipt Home Medical (NASDAQ:QIPT) last issued its quarterly earnings results on Monday, December 16th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 6.18% and a negative net margin of 2.66%. On average, equities research analysts anticipate that Quipt Home Medical Corp. will post -0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Patrick Dennis Gamble purchased 17,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the purchase, the vice president now directly owns 40,057 shares in the company, valued at $98,139.65. This trade represents a 73.73 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.